Bay News 9 in Florida reports that eight of the state’s 11 returning insurance companies in the Affordable Care Act exchange are increasing health insurance premiums “ranging from 11 to 23 percent.”
The most popular insurer, Florida Blue, will increase its ACA premiums by 17.6 percent. Humana and Health First Insurance will raise premiums by 14.1 percent and 23 percent, respectively. Even though there are subsidies that can ameliorate the premium hikes, the station reports that “millions” in the state don’t qualify for any subsidies, and that the ACA will “likely” increase costs for those who did not buy through the exchange.
The Tampa Tribune says that the increase in premiums for those insured under ObamaCare will be “about 13.2 percent.” According to the Tribune, a spokesman for Florida Blue “said the rate hike reflects the demographics of the insurance pool. He said when healthier consumers kept their existing plans in the Affordable Care Act’s first year, the sickest and most expensive consumers turned to marketplace plans.”